RATE Group | Hodler’s Digest, April 6–April 12
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Hodler’s Digest, April 6–April 12

10 May Hodler’s Digest, April 6–April 12

Posted at 23:33h in Cryptocurrency News by

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Bitcoin price drops to key level as 100% rally since crash looks shaky

After spending most of the week in a tight corridor between $7,100 and $7,410, Bitcoin suddenly dropped into the $6,900s on Friday. It means the world’s biggest cryptocurrency was unable to reach the next resistance level. Analysis from Michaël van de Poppe suggests losing support between $6,750 and $6,800 could trigger a giant sell-off toward the support zone at $5,800. Arthur Hayes — who successfully predicted Bitcoin would drop to the $3,000s in early 2020 — now expects BTC will retest the $3,000 region once again and predicted it could fall to as low as $2,100. However, the BitMEX CEO believes there is still reason to be…

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